Essence Magazine:
By Jasmine Browley ·Updated August 22, 2023
The rich is getting poorer, a clear sign of a shifting economy experts say.
The latest Global Wealth Report cited that Swiss banks UBS and Credit Suisse said $11.3 trillion of private wealth was lost in 2022.
In 2022, the U.S. lost 17,260 members of the ultra rich class— those with a net worth above $50 million—more than any other country in the
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